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How to Manage Cash Flow During Restaurant Restrictions

Restaurant365

Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. A healthy, positive cash flow is necessary to pay your bills and grow sales. Monitoring your cash flow is more important than ever during the COVID-19 outbreak. How to calculate restaurant cash flow.

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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. Operations Plan : detail the growth plan of your restaurant, for example, the date you hope to launch, the date when you will reach $100,000 in sales, etc. Table of Contents. What is an SBA Loan?

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Successful Restaurant Accounting for Non-Accountants

Restaurant365

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

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Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. Healthcare costs: group healthcare benefits, insurance premiums, etc. Best for: Businesses who need cash to keep their doors open and their staff employed.

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No-Crisis Planning for Restaurants & Cafes

Ken Burgin

Effective crisis planning and management is a must. Effective crisis planning and management is a must. Can we all be expert crisis managers or are some people better at it than others? Key staff resignations, equipment breakdowns, people issues, a kitchen fire or industry disputes – one way or another your turn will come.

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How to Calculate Your Crucial Restaurant Data

Restaurant365

There are many restaurant data points that can help you see beyond the buzz of the day-to-day of a restaurant and get a glimpse at the health of your business. For any specific period, you can calculate your total labor cost with the following formula: Employee Wages + Payroll Taxes + Benefits + Insurance = Total Labor Cost.

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Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

Sales Tax Requirements. The city and state where you operate your restaurant could have different sales tax requirements, and if you own multiple locations, it is even more important to be up to date on the different requirements. A permanent tax deduction is now available for equipment for small business under Section 179.